As we move into the end of the year, many people are starting to reflect on what has happened in the past twelve months. And one of the things that comes to mind for many people is the rapidly rising petrol prices. For many people, this means long journeys back home to see family and friends and expensive overseas holidays. This blog post will explore everything you need to know about UAE petrol prices and how they are changing. We will also provide some tips on how you can save money this holiday season.
What Is Causing The Increase In UAE Petrol Prices?
The UAE is known for its high-quality gasoline and oil. However, prices for both products have been on the rise in recent months. The UAE Energy Minister Mohamed al-Otaiba has said that the price hike is due to factors outside of the government’s control, such as global oil prices and currency exchange rates. Nevertheless, some say that there may be another reason for the increase in prices: corruption.
Is This Good Or Bad News For Motorists?
Overall, this is bad news for motorists as it means that prices will continue to increase. However, there are some caveats to this – firstly, the price hikes only apply to regular petrol; diesel prices have not increased yet. Secondly, the higher prices may be offset by subsidies from the government which mean that motorists will still be paying relatively low prices in real terms. Thirdly, the UAE is a large country so while prices in some areas may be increasing rapidly, they are still relatively low compared to other countries.
What Should Drivers Do To Prepare For The Increase In Prices?
If you’re heading out on the open road this summer, be prepared for higher fuel prices. The UAE is set to experience a hike in petrol rates beginning next month, according to reports. Prices are expected to reach AED3.20 per litre by the end of the year, up from AED2.90 currently. That’s big news for drivers in the UAE, where gasoline is already one of the most expensive fuels around. Here’s everything you need to know about these rising prices:
First, there’s no getting around it – price hikes mean higher expenses for everyone involved in motoring. But while they might seem like an unavoidable cost of life on the open road, there are ways to combat these increases and still get where you’re going without breaking the bank. For starters, make sure you have a full tank of gas before hitting the road each day. This means planning your route ahead of time and avoiding long gas stops that can rack up expenses quickly. If possible, try to avoid using your car during peak hours when rates are highest – mornings and evenings are typically more expensive than midday or late night hours. And last but not least, don’t forget about efficient driving practices – conserving fuel will help keep your wallet lighter too!
Is There A Way To Avoid The Increased Prices?
The UAE is one of the most expensive countries in the world to fuel your vehicle, with petrol prices rising by around 50% since January.
The causes for these increased prices are complex and multi-layered, but a large part of the blame lies with Iran – whose reluctance to sell oil on international markets has caused global oil prices to spike. This, in turn, has forced the UAE and other Gulf states to raise petrol prices in order to recoup lost revenue.
However, there are some simple steps that you can take to avoid paying such high prices:
– Check the fuel quality – Make sure that the petrol you’re using is of good quality, as lower quality fuels will often result in higher petrol prices.
– Use public transport – Cars are much more expensive to operate than public transport systems, so it’s best to use them sparingly if possible.
– Change your driving habits – If you typically drive at high speeds or make frequent journeys, try reducing these habits in order to reduce your gasoline usage.
What Are The Potential Consequences Of Not Following Directions From The Government?
If you live in the UAE and don’t follow the government’s directions on how to purchase gasoline, you may find yourself paying more for your fuel. In early November, the UAE Ministry of Economy issued a directive to all petrol stations instructing them to begin charging Dh2.50 (US$0.70) per litre for regular unleaded gasoline and Dh3.50 (US$1.00) per litre for premium unleaded gasoline, effective January 1st, 2016.
This increase in prices will impact both residents and tourists alike, as many people in the UAE rely on gas to power their vehicles. Additionally, businesses that use a lot of gas will have to raise their prices accordingly. If you’re traveling to the Emirates from another country, be sure to check the price of gas before filling up your tank; even if you are using regular unleaded gasoline, it may cost more than in your home country due to the higher Dh2.50/L price point for regular unleaded gasoline in the UAE.
Conclusion
If you’re in the UAE and have been noticing that your petrol prices are gradually increasing, you’re not alone. According to The National, oil prices have increased by over 50% since January 2017 and this is likely to continue for the foreseeable future. Here’s everything you need to know about why petrol prices are rising in the UAE and what you can do to prepare for it.
